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Old 09-10-2012, 12:10 AM   #1
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Courts Asia IPO

http://masnet.mas.gov.sg/opera/sdrpr...20(081012).pdf

Anyone applying for COurts IPO? $0.77... P/E ratio of 10.95.. seems reasonable..
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Old 09-10-2012, 08:35 AM   #2
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applying for some...
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Old 09-10-2012, 09:09 AM   #3
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The Enlarged Offering of 178,000,000 Shares comprises:

(a) an international placement of 76,895,000 Offering Shares to institutional and other investors in Singapore, outside the United States (the “Placement”);
(b) an offering of 8,900,000 Offering Shares to the public in Singapore (the “Public Offer”);
(c) 77,920,000 Shares offered under the Cornerstone Tranche; and
(d) 14,285,000 Shares offered under the Management Subscription Tranche.
The small public tranche of 8.9m shares is positive for those looking for quick returns.

However, from today's ST Money section article, I read that the controlling shareholder Singapore Retail Group (SRG) is using this IPO to pare its stake. It has done so 3 times in the past, and this is the 4th time. Whats more, out of total sum raised in the IPO, SRG gets $86.2m while Courts Asia gets only $43.8m. Sounds more like an exit strategy for SRG. Please correct me if I'm wrong.

The positives are that there are strong cornerstone investors, and the PER is reasonable at 10.95.
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Old 09-10-2012, 09:10 AM   #4
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Actually i just need to know a few things:
  • Is this counter viable? (got potential etc)
  • Offering start & end dates
  • Listing date
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Old 09-10-2012, 09:17 AM   #5
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Actually i just need to know a few things:
  • Is this counter viable? (got potential etc)
  • Offering start & end dates
  • Listing date
Viable or not, depends on your own analysis.

Offer closing on 11 Oct 12 at 12pm, and starts trading on 15 Oct 12.
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Old 09-10-2012, 09:33 AM   #6
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bumpz
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Old 09-10-2012, 10:10 AM   #7
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how come this is not shown on the SGX website under IPO?
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Old 09-10-2012, 10:16 AM   #8
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how come this is not shown on the SGX website under IPO?
second that.
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Old 09-10-2012, 10:30 AM   #9
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If you like buy things in courts, you may apply the share..
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Old 09-10-2012, 11:16 AM   #10
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Hmm... can't place bookings thru Vickers ah?
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Old 09-10-2012, 12:17 PM   #11
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11 PE is ok meh? Kinda high to me. They are retail. Should be tough.
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Old 09-10-2012, 12:57 PM   #12
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Singapore IPOs: Courts Asia Limited

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Old 09-10-2012, 02:56 PM   #13
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Very good webbie.
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Old 09-10-2012, 06:49 PM   #14
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Anyone applying?

Got no real intention on applying, let me read thru the notes first.
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Old 09-10-2012, 07:05 PM   #15
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feel like applying le....
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